Gold has given a breakout above the level of 4203 in it's major structural shift in previous week which came after 1.5 months long consolidation and now it's continuing its moves in the bullish direction. As momentum is very strong and as price had already declined ~30% form ATH, the current bounce back is expected to retest the level of 4770.

hence Looking for positionally long entry opportunities should be preferred, as of now we should be waiting for some correction or consolidation on smaller timeframes and upon breakout of those corrections we can initiate fresh longs.

from intraday perspective we should be only looking for long positions, for higher accuracy as biasness is clearly on bullish side.

For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.

Regards CrazyTrades247.